International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 56    Submit Your Rating     Cite This   Download        Certificate

AN OPTIMISTIC RISK MANAGEMENT IN PROJECT BY SIMULATION

    1 Author(s):  DIVYA GANDHI . DR. MUKESH KUMAR RANA

Vol -  7, Issue- 4 ,         Page(s) : 85 - 90  (2016 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

A critical part of project management is the ability to control costs even when uncertainty prevails. The tight connection between cost and risk forces the project manager to plan and respond decisively. Any failure to appropriately respond to risks can make the project over budget, behind schedule, or mired in litigation. With effective use of cost and risk manager can deliver project objectives in a severely constrained environment. In this paper we will schedule cost using simulation.

  1. Kaur et. al,”Design and development of SCRAS(schedule/cost risk analysis simulator)”,International journal of advance research in computer science and software engineering, volume 5 issue 5,2015.
  2. Dr.P.K. Suri, Kanchan Narula,”simulating the prob. Of risk during project completion”, IJARCSSE, volume 3, issue 7, 2013.
  3. Liu Jun, Wang Quizhen and Ma Quingguo,”The project uncertainty and risk management on IS development project performance: A vendor perspective”, International journal of project management, 923-933, 2011
  4. Boehm, B.W.,”Software Risk Management: Principles and Practices “, IEEE software, vol 8. No.1, 1991.
  5. Malya Kumar Nayak, Sanghamitra Mohanty and Rachna soni,”People and Skills: A potential risk in ICT infrastructure Management”, International journal of software engineering and its applications vol.5 no.3 2013
  6. Kelly D. Mosses, Stephan F. Hooker, 2005.”Development of Quantitative cost and schedule risk analysis process “Proceedings of the 18th International conference on systems engineering (ISCEng’05).
  7. inda Westfall,”Software risk management', The westfall team PMB 383, 3000 Custer road, suite 270 plano, TX 75075.
  8. Pratik Ganame, Pravin Chaudhary,”construction building schedule risk analysis using Monte carlo simulation”, international research journal of engineering and technology, volume 02, issue 4 July 2015.
  9. P.K. Suri, Rachna Soni,”Simulating the potential effect of risk management on project scheduling”, science alert: Information technology journal, 2007.
  10. [jay jaiswal,Meena Sharma,” An expert estimator tool to estimate project cost and risk with early stage of function points”, International Journal of Software Engineering & Applications (IJSEA), Vol.3, No.5, September 2012.
  11. John Dhalamini, Issac Nhamu, Admire Kachepa,”Intelligent risk management tools for software development”, SACLA’09, 29 June-1July.
  12.  Alankrita Aggarwal, Navdeep Kaur, P.K.Suri,”A road map journey of software risk management for excellence through simulation: A systematic review”, International journal of engineering research and applications (IJERA).
  13. Pawel Wyrozebski & Agnieszka Wyrozebska,”Challenges of project planning in the probabilistic approach using PERT, GERT and Monte Carlo”, Journal of  management and marketing,vol.1,issue 1, Nov.30,2013.
  14. Aaron Shenhar, D. Davir, Tzvi Raz,”Risk management, Project success, and technological uncertainity,”Research gate, 2002.
  15. Bernd Freimut et. al.,”An industrial case study of implementing software risk management”, ACM SIGSOFT software engineering, vol.26, issue 5, sept. 2001.
  16. Keshnee Padyachee,”An interpretive study of software risk management perspectives”, SAICSIT’02.
  17. Kaur et. al,”Design and development of SCRAS(schedule/cost risk analysis simulator)”,International journal of advance research in computer science and software engineering, volume 5 issue 5,2015.
  18. Dr.P.K. Suri, Kanchan Narula,”simulating the prob. Of risk during project completion”, IJARCSSE, volume 3, issue 7, 2013.
  19. Liu Jun, Wang Quizhen and Ma Quingguo,”The project uncertainty and risk management on IS development project performance: A vendor perspective”, International journal of project management, 923-933, 2011
  20. Boehm, B.W.,”Software Risk Management: Principles and Practices “, IEEE software, vol 8. No.1, 1991.
  21. [5]Malya Kumar Nayak, Sanghamitra Mohanty and Rachna soni,”People  Skills: A potential risk in ICT infrastructure Management”, International journal of software engineering and its applications vol.5 no.3 2013
  22. [6]Kelly D. Mosses, Stephan F. Hooker, 2005.”Development of Quantitative cost and schedule risk analysis process “Proceedings of the 18th International conference on systems engineering (ISCEng’05).
  23. [7] Linda Westfall,”Software risk management', The westfall team PMB 383, 3000 Custer road, suite 270 plano, TX 75075.
  24. [8] Pratik Ganame, Pravin Chaudhary,”construction building schedule risk analysis using Monte carlo simulation”, international research journal of engineering and technology, volume 02, issue 4 July 2015.
  25. [9]P.K. Suri, Rachna Soni,”Simulating the potential effect of risk management on project scheduling”, science alert: Information technology journal, 2007.
  26. [10] Ajay jaiswal,Meena Sharma,” An expert estimator tool to estimate project cost and risk with early stage of function points”, International Journal of Software Engineering & Applications (IJSEA), Vol.3, No.5, September 2012.
  27. [11] John Dhalamini, Issac Nhamu, Admire Kachepa,”Intelligent risk management tools for software development”, SACLA’09, 29 June-1July.
  28. [12] Alankrita Aggarwal, Navdeep Kaur, P.K.Suri,”A road map journey of software risk management for excellence through simulation: A systematic review”, International journal of engineering research and applications (IJERA).
  29. [13] Pawel Wyrozebski & Agnieszka Wyrozebska,”Challenges of project planning in the probabilistic approach using PERT, GERT and Monte Carlo”, Journal of  management and marketing,vol.1,issue 1, Nov.30,2013.
  30. [14] Aaron Shenhar, D. Davir, Tzvi Raz,”Risk management, Project success, and technological uncertainity,”Research gate, 2002.
  31. [15] Bernd Freimut et. al.,”An industrial case study of implementing software risk management”, ACM SIGSOFT software engineering, vol.26, issue 5, sept. 2001.
  32. [9] Keshnee Padyachee,”An interpretive study of software risk management perspectives”, SAICSIT’02.

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details